InterDigital officer has 325 shares withheld for tax
Rhea-AI Filing Summary
InterDigital, Inc. (IDCC) reported that Chief Licensing Officer Julia C. Mattis disposed of shares on September 15, 2026 in connection with vesting of restricted stock units, consisting of 325 shares withheld to pay tax liabilities and a separate small disposition tied to fractional-share cash settlement, with no open-market trades reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mattis Julia C
Role
Chief Licensing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 325 | $340.38 | $111K |
| Disposition | Common Stock F2 | 0.8225 | $340.38 | $279.96 |
Holdings After Transaction:
Common Stock — 11,236.2977 shares (Direct)
Footnotes (2)
- F1. The transaction reported reflects the withholding of restricted stock units in satisfaction of the reporting person's tax liability. The restricted stock units were granted to the reporting person on September 15, 2024 pursuant to the company's 2017 Equity Incentive Plan in accordance with the company's long-term compensation program and vested on September 15, 2026, together with accrued dividend equivalents.
- F2. The transaction reported reflects the cash settlement of fractional shares in connection with the vesting of restricted stock units, as described in the previous footnote.
Key Figures
Shares withheld for tax liability: 325 shares
Shares disposed for fractional-share settlement: 0.8225 shares
Reference price per share: $340.38 per share
+3 more
6 metrics
Shares withheld for tax liability
325 shares
Common stock withheld on September 15, 2026 in connection with RSU vesting
Shares disposed for fractional-share settlement
0.8225 shares
Common stock tied to cash settlement of fractional shares on September 15, 2026
Reference price per share
$340.38 per share
Used for both the tax-withholding and fractional-share dispositions
RSU grant date
September 15, 2024
Grant of restricted stock units under the 2017 Equity Incentive Plan
RSU vesting date
September 15, 2026
Vesting of RSUs together with accrued dividend equivalents
Shares used for exercise price or tax liability
325 shares
Total shares reported under code F for tax-liability payment
Key Terms
restricted stock units, dividend equivalents, 2017 Equity Incentive Plan, cash settlement, +1 more
5 terms
restricted stock units financial
"The transaction reported reflects the withholding of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"vested on September 15, 2026, together with accrued dividend equivalents"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
2017 Equity Incentive Plan financial
"granted to the reporting person on September 15, 2024 pursuant to the company's 2017 Equity Incentive Plan"
cash settlement financial
"reflects the cash settlement of fractional shares in connection with the vesting"
Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did IDCC’s Chief Licensing Officer report on this Form 4?
The filing reports that Chief Licensing Officer Julia C. Mattis had 325 shares of InterDigital common stock withheld to satisfy tax obligations on vesting restricted stock units, plus a small disposition related to fractional-share cash settlement, all on September 15, 2026.
Were the IDCC insider transactions open-market buys or sells?
No. The transactions were non-open‑market events: 325 shares were withheld to pay tax liabilities from vesting restricted stock units and an additional 0.8225 shares were disposed of in connection with cash settlement of fractional shares.
What is the source of the restricted stock units in the IDCC Form 4?
The restricted stock units were granted to Julia C. Mattis on September 15, 2024 under InterDigital’s 2017 Equity Incentive Plan as part of its long‑term compensation program and vested on September 15, 2026, including accrued dividend equivalents.
Was a Rule 10b5-1 trading plan involved in the IDCC insider transactions?
No. The Form 4 indicates no Rule 10b5‑1 trading plan for these transactions; they arise from automatic tax withholding and fractional-share cash settlement tied to the vesting of restricted stock units rather than discretionary market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.